Hadoop Market Will Grow to $50 Billion by 2020

New report forecasts rapid expansion for Hadoop and Big Data.

According to a recent report from the Allied Market Research group, the global Hadoop market will expand at a compound Annual Growth rate of 58.2% from 2013 until 2020, growing to a $50.2 Billion industry by 2020. The global Hadoop market was valued at $1.5 Billion in 2012.
The report divides the global Hadoop market into software, hardware, and services. Although all parts of the market are slated to grow, the driving factor for the exponential expansion will be the services sector. Hadoop services include industries such as market analysis, consulting, training, integration, deployment, and outsourcing.